Portfolio choices for homeowners

Journal of Urban Economics

Volumn 58, Issue 1, 2005, Pages 114-136

  Hu, Xiaoqing ^a  

^a UNIVERSITY OF ILLINOIS AT CHICAGO   (United States)

Author keywords

Homeownership; Portfolio choices

Indexed keywords

EID: 20444445518     PISSN: 00941190     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jue.2005.02.002     Document Type: Article

References (20)

1. J.K. Brueckner Consumption and investment motives and the portfolio choices of homeowners Journal of Real Estate Finance and Economics 15 1997 159-180
2. J. Campbell A. Lo A. MacKinlay The Econometrics of Financial Markets 1997 Princeton Univ. Press
3. A. Caplin, The reverse mortgage market: Problems and prospects, The Pension Research Council Working Paper Series, 2000
4. C. Carrol A. Samwick The nature and magnitude of precautionary wealth Journal of Monetary Economics 40 1997 41-72
5. K.E. Case R.J. Shiller The behavior of home buyers in boom and post-boom markets New England Economic Review 1988 29-46
6. E.Y. Chah V.A. Ramey R.M. Starr Liquidity constraints and intertemporal consumer optimization: Theory and evidence from durable goods Journal of Money, Credit and Banking 27 1995 272-287
7. J.F. Cocco Portfolio choice in the presence of housing Review of Financial Studies 2004
8. M. Flavin T. Yamashita Owner-occupied housing and the composition of the household portfolio over the life cycle American Economic Review 92 2002 345-362
9. M. Fratantoni Homeownership and investment in risky assets Journal of Urban Economics 44 1998 27-42
10. D. Genesove C. Mayer Equity and time to sale in the real estate market American Economic Review 87 1997 255-269
11. D. Genesove C. Mayer Loss aversion and seller behavior: Evidence from the housing market Quarterly Journal of Economics 116 2001 1233-1260
12. S. Grossman G. Laroque Asset pricing and optimal portfolio choice in the presence of illiquid durable consumption goods Econometrica 58 1990 25-51
13. J. Heaton D. Lucas Market frictions, saving behavior and portfolio choice Macroeconomic Dynamics 1 1997 76-101
14. J. Henderson M. Ioannides A model of housing tenure choice American Economic Review 73 1983 98-113
15. R. Jagannathan N. Kocherlakota Why should older people invest less in stocks than younger people Federal Reserve Bank of Minneapolis Quarterly Review 1996
16. H. Liu M. Loewenstein Optimal portfolio selection with transaction costs and finite horizons Review of Financial Studies 15 2001 805-835
17. R. Mehra E. Prescott The equity premium puzzle Journal of Monetary Economics 15 1985 145-161
18. L. Sheiner, D. Weil, The housing wealth of the aged, NBER Working paper No. 4115, 1999
19. R.J. Shiller A.N. Weiss Moral hazard in home equity conversion Real Estate Economics 28 1998 1-31
20. R. Yao, H.H. Zhang, Optimal consumption and portfolio choices with risky housing and borrowing constraints, Review of Financial Studies (2005), in press